Conventional economic theory suggests that in the ultimatum game, the player proposing a split of $50 will propose that she get $49 and that the other player get $1 . By the same reasoning, if the amount to be split is $1000, the player proposing the split will propose that she gets
a. $500 and that the other player gets $500.
b. $998 and that the other player gets $2.
c. $999 and that the other player gets $1.
d. $1000 and that the other player gets nothing.
c
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Discuss the factors that determine the ultimate burden of the corporate tax
What will be an ideal response?
The concern of economists with respect to the trade deficit is whether it is
a. sustainable at current levels. b. desirable at current levels. c. under-specified. d. overestimated. e. the result of the financial crisis.
Higher corporate profit taxes stimulate capital formation in the private sector.
Answer the following statement true (T) or false (F)
The Motor Carrier Act of 1980 resulted in:
A. lower freight prices. B. more firms entering the trucking industry. C. lower value of a trucking license. D. All of these are correct.